The term 'Active NFFE' generally refers to an entity that operates an active trade or business other than that of a financial business. To determine whether a NFFE is active or passive, a complex income statement and balance sheet analysis must be performed. Note: There might be further entity types meeting the active NFFE definition according to an applicable IGA (see Annex I, Section VI(B)(4) of the applicable IGA). Active Non-Financial Foreign Entity (Active NFFE) – FATCA definition.
Report
Only Logged in users can post reply.